Monday, April 11, 2011

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Soybean likely to gain on weak arrivals

  • Monday, April 11, 2011
  • Thùy Miên
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  • Soyabean prices shown range bound due to higher demand from international market.
    Prices were also encouraged by weak arrivals of Soyabean in major mandies.
    The total daily arrivals of soya bean were reported in the range of 35000‐45000 bags daily in the major mandies of Madhya Pradesh and Maharashtra.
    The total arrivals have reported sluggish trend due to restricted supplies from traders.
    SELL NCDEX SOYABEAN (MAY) BELOW 2474 SL 2498 TGT 2432
    R1 2510 R2 2560 S1 2416 S2 2386.
    Courtesy: Anagram Comtrade Limited

    (Source: http://www.commodityonline.com/futures-trading/commoditytrends/Soybean-likely-to-gain-on-weak-arrivals-8458.html)

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